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Why Cameron should change tack and abide by the spirit of Edinburgh

In Blog by Ian Fraser0 Comments

September 16th, 2014 In an interview broadcast on BBC1 earlier this evening, David Dimbleby asked Scotland’s first minister, Alex Salmond, for his views on possible currency and financial market turmoil in the event of a “Yes” vote in the Scottish independence referendum. Dimbleby was implying that, in the event of a “Yes” …

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Decrying Wolf’s ‘What happens after a yes vote?’

In Blog by Ian Fraser0 Comments

September 16th, 2014 (last line edited September 17th, 2014) Martin Wolf repeats a number of fallacies about Scottish independence that have long since been disproved in the debate he has missed, writes Professor David Simpson The only positive message to be taken from Martin Wolf’s article, published in last Saturday’s Weelend FT, …

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How the BBC ‘muzzled’ a professor who cast doubt on its impartiality

In Blog by Ian Fraser3 Comments

30 August 2014 Meet John Robertson, professor of media politics at the University of the West of Scotland. Robertson led a team of researchers from the University of the West of Scotland (UWS) that investigated how TV broadcasters were covering the Scottish independence referendum campaign. The research, which covered the period September 2012 to September 2013, included an analysis of 620 …

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Ross McEwan: “RBS is a yacht with a spinnaker up”

In Blog by Ian Fraser0 Comments

July 13th, 2014 On 2 May 2014, the Royal Bank of Scotland’s New Zealand-born chief executive, Ross McEwan, unveiled a surprisingly strong set of financial results for the bank that he has led since 1 October 2013. But has it really turned the corner? McEwan the and RBS’s outgoing finance …

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Shredded Tweets

In Blog by Ian Fraser0 Comments

July 7th, 2014 Here is a selection of tweets about Shredded: Inside RBS The Bank That Broke Britain which was published by Birlinn Books on 6 June (a few other Shredded Tweets are posted here). I’d like to thank all the senders of these messages for buying the book, reading it, and …

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The FCA no less ‘captured’ than its predecessor

In Blog by Ian Fraser2 Comments

June 27th, 2014 (minor edits Oct 3rd) The Financial Conduct Authority, established in April 2013, has failed its first test. Its review of the interest rate swaps that were sold on an industrial scale by banks to gullible small business customers, especially in 2004-08, has fallen short on a number of fronts. …

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RBS job advert casts doubt on the assertions of Sach

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June 26th, 2014 The Royal Bank of Scotland seems to be rather confused over whether its infamous Global Restructuring Group is run as a “profit centre”. A job advertisement placed by the bank in January 2014, clearly states that the “role purpose” of relationship managers within GRG is to be …

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RBS’s annual meeting was more placid than usual

In Blog by Ian Fraser0 Comments

26 June 2014 The Royal Bank of Scotland, which last year made losses of £8.2 billion, held its annual general meeting yesterday. The shareholders’ gathering was a slightly calmer affair than some of the recent ones I have attended. Held at the bank’s sprawling, campus-style “world headquarters” at Gogarburn, near Edinburgh – itself a …

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Swaps film: how banks ran rings around SMEs

In Blog by Ian Fraser0 Comments

June 25th, 2014 This short film uses extracts from a telephone call between a bank salesman and one of its business customers to illustrate how a bank, thought to be the Royal Bank of Scotland, essentially conned a business into purchasing an interest-rate hedging product that would be seriously damaging to its health. The other two voices …